Spirax-Sarco Engineering (SPX) Price Target Cut to GBX 6000

Spirax-Sarco Engineering (LON:SPX) had its price objective lowered by analysts at JPMorgan Chase & Co. from GBX 6,300 ($82.32) to GBX 6,000 ($78.40) in a note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 0.08% from the stock’s previous close.

A number of other research analysts also recently commented on SPX. Royal Bank of Canada increased their target price on Spirax-Sarco Engineering from GBX 6,500 ($84.93) to GBX 7,400 ($96.69) and gave the company an “outperform” rating in a research report on Thursday, August 9th. Peel Hunt reiterated an “add” rating on shares of Spirax-Sarco Engineering in a research report on Wednesday, August 8th. Goldman Sachs Group increased their target price on Spirax-Sarco Engineering from GBX 6,250 ($81.67) to GBX 6,550 ($85.59) and gave the company a “neutral” rating in a research report on Thursday, August 9th. Barclays increased their target price on Spirax-Sarco Engineering from GBX 6,360 ($83.10) to GBX 6,600 ($86.24) and gave the company an “equal weight” rating in a research report on Thursday, August 9th. Finally, Numis Securities downgraded Spirax-Sarco Engineering to a “hold” rating and set a GBX 7,000 ($91.47) target price for the company. in a research report on Thursday, August 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 6,385.83 ($83.44).

LON SPX opened at GBX 6,005 ($78.47) on Tuesday. Spirax-Sarco Engineering has a one year low of GBX 4,681 ($61.17) and a one year high of GBX 6,155 ($80.43).

About Spirax-Sarco Engineering

Spirax-Sarco Engineering plc provides engineered solutions for the design, maintenance, and provision of industrial and commercial steam systems. It offers condensate management products, such as steam traps, condensate return pumps, and isolation valves; controls, including automatic control valves, pressure regulators, and temperature controls; and energy management products comprising metering products, boiler house products, heat transfer packages, and energy services.

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Analyst Recommendations for Spirax-Sarco Engineering (LON:SPX)

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